Infosys, Biocon to build houses for flood-hit in KarnatakaOctober 8th, 2009 BANGALORE - India's IT bellwether Infosys Technologies Ltd and biotechnology major Biocon Ltd pledged to re-build around 6,000 houses at a cost of Rs.60 crore for the flood-affected people of north Karnataka, Chief Minister B.S. Yeddyurappa said Thursday.
22 pacts inked under Lockheed Martin's India Innovation ProgrammeAugust 31st, 2009 HYDERABAD - US aerospace major Lockheed Martin's India Innovation Growth Programme achieved another milestone Monday with the signing of 22 commercialization deals by the winners of this unique nation-wide initiative. The deals, signed at the Hyderabad Technology Expo included six inked with international companies, placing the winners on a global platform.
Sonia Gandhi, Kochhar, Nooyi in Forbes 100 powerful women listAugust 20th, 2009 NEW YORK - Congress party president Sonia Gandhi, PepsiCo chief executive Indra Nooyi and ICICI Bank's new head Chanda Kochhar have been listed among the world's 100 most powerful women by Forbes magazine. All three of them have been ranked higher than US Secretary of State Hillary Clinton on the list, which has German Chancellor Angela Merkel at the top, followed by US Federal Deposit Insurance chairperson Sheila Bair.
Jet Airways to start Hyderabad-Dubai flight SundayAugust 13th, 2009 HYDERABAD - Private carrier Jet Airways will launch a daily flight on the Hyderabad-Dubai sector from Aug 16, a senior official said here Thursday. The new flight using Boeing 737-800 aircraft will be Jet Airways' first international service from Hyderabad and its second daily service to Dubai from South India.
Biocon net up 59 percent in first quarterJuly 23rd, 2009 BANGALORE - Biotech major Biocon has posted a net profit of Rs.47.6 crore for the first quarter this fiscal, registering a 59 percent year-on-year (YoY), the company said Thursday. Total income for the quarter under review, however, grew only nine percent YoY to Rs.259 crore from Rs.237 crore in the like period a year ago, the company said in a regulatory filing.
Clouds disappoint people in HyderabadJuly 22nd, 2009 HYDERABAD - People in this south Indian city were disappointed as dark clouds blocked the view of the partial solar eclipse Wednesday morning. The overcast skies proved a dampener for scientists, school children and other enthusiasts who had made arrangements to watch the rare celestial event.
Tata Nano makes showroom debut in HyderabadJuly 14th, 2009 HYDERABAD - Tata Motors on Tuesday rolled out the first commercial consignment of Nano, regarded as the World's cheapest car to be showcased at Hyderabad on Tuesday. "The first consignment has come to Hyderabad.
Biocon announces strategic collaboration with MylanJune 29th, 2009 BANGALORE - Biocon Limited today announced that it has executed a definitive agreement with Mylan Inc. for an exclusive collaboration on the development, manufacturing, supply and commercialization of multiple, high value generic biologic compounds for the global marketplace.
Biocon inks partnership with ISB to launch Biocon Cell for Innovation ManagementJune 8th, 2009 BANGALORE - Biocon Limited have launched the Biocon Cell for Innovation Management (BCIM) to promote innovation in business. The Cell will be established under the aegis of the Centre for Leadership, Innovation, and Change (CLIC) at the ISB.
Kiran Mazumdar Shaw awarded prestigious 'Nikkei Asia Prize' 2009May 11th, 2009 BANGALORE - Kiran Mazumdar Shaw, Chairman and Managing Director, Biocon Limited has been honoured with the 'Nikkei Asia Prize' 2009 for Regional Growth. Japan's prestigious business daily Nihon Keizai Shimbun (Nikkei) awards Nikkei Asia Prizes annually to individuals or institutions from Asia Pacific region recognizing outstanding achievements that improve the quality of life in Asia.
Weak rupee lowers Biocon net profit 80 percent in 2008-09April 28th, 2009 BANGALORE - A steady weakening of the rupee in the volatile currency market has lowered the consolidated net profit of biotechnology major Biocon group to Rs.93.1 crore in 2008-09 from Rs.464 crore the year before, registering a whopping decline of 80 percent. 'Unpredictable rupee depreciation induced by global economic crisis has adversely impacted our consolidated earnings wherein losses of Rs.147 crore on account of mark-to-market (MTM) were provided,' Biocon chairperson Kiran Mazumdar-Shaw told reporters here Tuesday.
Biocon last quarter profit dips 61 percentApril 28th, 2009 BANGALORE - Biotechnology major Biocon Tuesday announced a decrease of over 61 percent in its net profit for the quarter ending March 31. In a regulatory statement, Biocon said its unaudited net profit for the last quarter was Rs.241.4 million, compared to Rs.620.3 million - a decrease of over 61 percent.
Biocon Group delivers 16 per cent growth in operating profitsApril 28th, 2009 BANGALORE - Biocon Limited today announced its financial performance for the financial year ended March 31. Unpredictable rupee depreciation induced by the global economic crisis has adversely impacted consolidated FY '09 earnings, wherein losses of Rs.
Government launches India Innovation InitiativeApril 6th, 2009 NEW DELHI - The Department of Science and Technology (DST) Monday launched the India Innovation Initiative (i3) in collaboration with the Confederation of Indian Industry (CII) and communication analyst Agilent Technologies. Under the initiative, DST will launch a nation-wide competition of technology-based ideas in which innovators above 18 years of age can participate.
Bristol-Myers Squibb, Biocon's Syngene open new R and D facility at Biocon ParkMarch 23rd, 2009 BANGALORE - Syngene International, a subsidiary of Indian biotechnology major, BIOCON Ltd, and Bristol-Myers Squibb Company announced today the opening of a fully dedicated research and development facility for Bristol-Myers Squibb in Biocon Park, Bangalore. The 200,000 square-foot facility at Biocon Park is dedicated to helping advance Bristol-Myers Squibb's work in discovery and early drug development, and is currently occupied by 270 researchers.
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